LivingSocial was once among the toast of the startup world, shooting revenue past $500 million and stirring up talk of an IPO with a $15 billion market cap. Now, however, Amazon is downgrading its investment in almost a third of the daily deals site to zero. And the company, currently without a CEO, is cutting failed business lines as it tries to right-size itself after a big divestiture.
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TheStreet (July 15, 2014) 2013 was a record year for data breaches in New York, at least according to a report from the New York State Attorney General's office. Public and private institutions in New York experienced more ... watch video
TheStreet (June 5, 2014) Amazon announced it will launch a new product on June 18th in Seattle. The online retail giant teased the market with a Twitter photo of a shiny black device with the Amazon logo. A launch video ... watch video
TheStreet (July 3, 2014) Amazon said it was prepared to take the Federal Trade Commission to court in defense of allegations it had failed to prevent unauthorized transactions by children on its tablets. Amazon said it would ... watch video
Newsy (Mar. 14, 2014) Blog Zatz Not Funny leaked images of an Amazon-branded controller, essentially confirming the rumors that Amazon will release a set-top box soon.
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Newsy (Apr. 15, 2014) BGR has leaked images of what could be Amazon's smartphone. The outlet's been right about Amazon leaks before. Sources expect an announcement in June.
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Feb. 2, 2015 Online-selling pioneer Amazon.com has utilized three individual business models, by means of which it engages in productive cooperation with its competitors. By harnessing its competitors within its ... read more
May 22, 2012 While daily deal websites and flash sale websites offer a service or product at a discount to bring in new consumers and incentivize them to return, consumers are not coming back after the initial ... read more
Apr. 19, 2012 It turns out that all of those bad reviews of new computers, shoes, toys and other products at Amazon and other websites with consumer reviews have more impact than just helping shoppers decide if ... read more
June 14, 2011 Over the next few years, it is likely that daily deal sites will have to settle for lower shares of revenues from businesses compared with their current levels, and it will be harder and more ... read more